An interesting week of short covering.
A week to remember the huge gap down and recovery. Tomorrow's expiry is going to influence multiple news. Let's see where the nifty is going to expire tomorrow. key levels to watch out for above the 200EMA and 16750 as the first levels to keep an eye on. down side 16150 and 16000.
It was a week to remember because I had been carrying a position Friday. I sold 17200CE and 14900PE at a good premium. Then on Monday, the roller coaster ride began with a huge gap down. I was rolling my CE to 16800 and book profit. Yesterday, I rolled again to 16600CE, PE side. I kept holding on and nifty started moving up. It was a nice move. PE started green. I have a16600 CE side, but it looks like a good position. such a sharp move today the CE shoot up i keep roiling my PE to 15250PE and 15000PE. book profit, but such a sharp move 16600 eat all the profit now at no profit and no loss state. Currently, I have 16600CE and 15700PE. I will have to firefight to adjust the position. Let's see how it ends this week. I am planning to exit the CE only after crossing 15550. I will keep rolling my PE side to 16100 and 16150. Let's see how it is going to end this week. If such an out of the world premium spikes, then I will exit my position with minimal loss.
It was a week to remember because I had been carrying a position Friday. I sold 17200CE and 14900PE at a good premium. Then on Monday, the roller coaster ride began with a huge gap down. I was rolling my CE to 16800 and book profit. Yesterday, I rolled again to 16600CE, PE side. I kept holding on and nifty started moving up. It was a nice move. PE started green. I have a16600 CE side, but it looks like a good position. such a sharp move today the CE shoot up i keep roiling my PE to 15250PE and 15000PE. book profit, but such a sharp move 16600 eat all the profit now at no profit and no loss state. Currently, I have 16600CE and 15700PE. I will have to firefight to adjust the position. Let's see how it ends this week. I am planning to exit the CE only after crossing 15550. I will keep rolling my PE side to 16100 and 16150. Let's see how it is going to end this week. If such an out of the world premium spikes, then I will exit my position with minimal loss.
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